Mastercard (NYSE:MA) Trading Down 0.1% – What’s Next?

by · The Cerbat Gem

Mastercard Incorporated (NYSE:MA – Get Free Report) dropped 0.1% during trading on Tuesday . The company traded as low as $504.20 and last traded at $505.14. Approximately 272,969 shares traded hands during trading, a decline of 89% from the average daily volume of 2,438,692 shares. The stock had previously closed at $505.58.

Analysts Set New Price Targets

Several equities analysts recently weighed in on MA shares. Citigroup increased their price target on shares of Mastercard from $566.00 to $572.00 and gave the company a “buy” rating in a research report on Monday. Macquarie upped their price objective on Mastercard from $505.00 to $565.00 and gave the company an “outperform” rating in a research note on Friday. BNP Paribas downgraded Mastercard from an “outperform” rating to a “neutral” rating and set a $470.00 target price for the company. in a research report on Tuesday, September 3rd. Susquehanna upped their price objective on shares of Mastercard from $540.00 to $605.00 and gave the company a “positive” rating in a report on Friday. Finally, Barclays boosted their price target on shares of Mastercard from $536.00 to $576.00 and gave the company an “overweight” rating in a research report on Thursday, October 10th. Four investment analysts have rated the stock with a hold rating, twenty have issued a buy rating and three have given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $540.17.

View Our Latest Stock Analysis on Mastercard

Mastercard Stock Performance

The company has a 50 day simple moving average of $496.51 and a 200-day simple moving average of $467.30. The company has a debt-to-equity ratio of 2.36, a current ratio of 1.29 and a quick ratio of 1.29. The stock has a market cap of $466.49 billion, a P/E ratio of 38.21, a price-to-earnings-growth ratio of 2.23 and a beta of 1.10.

Mastercard (NYSE:MA – Get Free Report) last released its earnings results on Thursday, October 31st. The credit services provider reported $3.89 earnings per share for the quarter, topping analysts’ consensus estimates of $3.73 by $0.16. Mastercard had a return on equity of 178.27% and a net margin of 45.26%. The company had revenue of $7.37 billion during the quarter, compared to the consensus estimate of $7.27 billion. During the same quarter in the previous year, the company posted $3.39 EPS. Mastercard’s quarterly revenue was up 12.8% compared to the same quarter last year. On average, equities analysts expect that Mastercard Incorporated will post 14.4 earnings per share for the current fiscal year.

Mastercard Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, November 8th. Investors of record on Wednesday, October 9th will be issued a dividend of $0.66 per share. This represents a $2.64 annualized dividend and a dividend yield of 0.52%. The ex-dividend date of this dividend is Wednesday, October 9th. Mastercard’s dividend payout ratio is currently 19.97%.

Insider Buying and Selling

In related news, major shareholder Foundation Mastercard sold 109,000 shares of the firm’s stock in a transaction that occurred on Monday, August 19th. The stock was sold at an average price of $467.45, for a total transaction of $50,952,050.00. Following the transaction, the insider now directly owns 91,924,308 shares in the company, valued at $42,970,017,774.60. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other Mastercard news, major shareholder Foundation Mastercard sold 109,000 shares of the firm’s stock in a transaction on Monday, August 19th. The shares were sold at an average price of $467.45, for a total value of $50,952,050.00. Following the sale, the insider now owns 91,924,308 shares of the company’s stock, valued at $42,970,017,774.60. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CMO Venkata R. Madabhushi sold 4,685 shares of the company’s stock in a transaction dated Friday, September 13th. The shares were sold at an average price of $493.10, for a total transaction of $2,310,173.50. Following the transaction, the chief marketing officer now directly owns 17,118 shares of the company’s stock, valued at approximately $8,440,885.80. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 327,370 shares of company stock worth $153,495,958 in the last 90 days. 0.10% of the stock is owned by company insiders.

Institutional Trading of Mastercard

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. China Universal Asset Management Co. Ltd. lifted its holdings in Mastercard by 46.4% in the first quarter. China Universal Asset Management Co. Ltd. now owns 14,785 shares of the credit services provider’s stock worth $7,120,000 after buying an additional 4,685 shares during the period. Larson Financial Group LLC boosted its stake in shares of Mastercard by 58.9% during the 1st quarter. Larson Financial Group LLC now owns 1,489 shares of the credit services provider’s stock worth $717,000 after acquiring an additional 552 shares during the last quarter. Avidian Wealth Solutions LLC grew its position in shares of Mastercard by 78.8% during the 1st quarter. Avidian Wealth Solutions LLC now owns 953 shares of the credit services provider’s stock valued at $459,000 after acquiring an additional 420 shares during the period. Gold Investment Management Ltd. increased its stake in shares of Mastercard by 0.4% in the 1st quarter. Gold Investment Management Ltd. now owns 5,665 shares of the credit services provider’s stock worth $2,728,000 after purchasing an additional 23 shares in the last quarter. Finally, Signaturefd LLC lifted its position in Mastercard by 6.5% during the first quarter. Signaturefd LLC now owns 21,077 shares of the credit services provider’s stock valued at $10,150,000 after purchasing an additional 1,295 shares in the last quarter. Hedge funds and other institutional investors own 97.28% of the company’s stock.

About Mastercard

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Mastercard Incorporated, a technology company, provides transaction processing and other payment-related products and services in the United States and internationally. The company offers integrated products and value-added services for account holders, merchants, financial institutions, digital partners, businesses, governments, and other organizations, such as programs that enable issuers to provide consumers with credits to defer payments; payment products and solutions that allow its customers to access funds in deposit and other accounts; prepaid programs services; and commercial credit, debit, and prepaid payment products and solutions.

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